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Guideline Value

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Guideline Value for Chandraprabhu Layout 3rd Main Road ( Ward No.20 )

₹1600/sq.ft.

The guideline value for Chandraprabhu Layout 3rd Main Road ( Ward No.20 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chandraprabhu Layout 3rd Main Road ( Ward No.20 )

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Chandraprabhu Layout 3rd Main Road ( Ward No.20 ) guideline value

The current guideline value for Chandraprabhu Layout 3rd Main Road ( Ward No.20 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chandraprabhu Layout 3rd Main Road ( Ward No.20 ) has changed

The guideline value for Chandraprabhu Layout 3rd Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which reflects a 7% increase from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a significant 49% increase when compared to the 2023 figure. In 2012, the guideline value was Rs 1,200 per sq.ft, which was a decrease of 16% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%, moving from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which aligns with the current guideline value for Chandraprabhu Layout 3rd Main Road.

Stamp duty and registration fee for property in Chandraprabhu Layout 3rd Main Road ( Ward No.20 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandraprabhu Layout 3rd Main Road ( Ward No.20 )?

The Sub Registrar Office that covers Chandraprabhu Layout 3rd Main Road ( Ward No.20 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value serves as a benchmark for property transactions in Madhavaram. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than negotiated sale prices.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall costs associated with property transactions in the area. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Chandraprabhu Layout 3rd Main Road?

The current guideline value for Chandraprabhu Layout 3rd Main Road ( Ward No.20 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 33%. The most recent revision in 2024 saw a 7% increase from the previous year's value of Rs 1,500 per sq.ft.

What is the land classification for this area?

Chandraprabhu Layout 3rd Main Road is classified as Residential Class II Type - I. This classification helps determine the guideline value and other regulatory aspects of property transactions in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Chandraprabhu Layout 3rd Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.